South Africa Wool Sales Market Report (26 April 2023)

The 2022/23 wool selling season continued today, with a total of 6 837 bales on offer on catalogue 29.

Nearly 51% of the merino wools on offer was certified as sustainable and 60% of the offering tested 20 micron and finer.

It was the fine wools that performed well today and lifted the overall sales clearance to 91,8%

The market returned positive results across all micron categories, with some assistance from a weaker SA currency against the US$.

The non-certified indicator increased by 1,2% to close on R172,20 p/kg, whilst the certified indicator gained 1,6% to close on R187,56 p/kg

The Australian market closed marginally up today by 0,1%( AU$), from the previous sale on Thursday 20 April, but continued to deliver negative results in US$ terms.

The major buyers on today’s sale were: G Modiano SA (2 079), Standard Wool SA (1 100), BKB Pinnacle Fibres (684) and Segard Masurel SA (676).

The next sale will take place on 3 May 2023.

Source: Cape Wool SA